(Reuters) – Asian markets were torn two ways on Monday, some following Wall Street lower but others encouraged by U.S. jobs data that hit the sweet spot for many investors — firm enough to soothe concerns about the health of the U.S. recovery but not so strong as to hasten the end of policy stimulus. The immediate outlook was clouded by a momentum-driven fall on Wall Street and a rise in the yen against the […]
Another blow for Citi Group. The bank is facing a criminal probe tied to its Mexican subsidiary.
Mcdonald’s has suspended work in its three Crimean restaurants as diplomatic tensions heightened between Russia and the west.
By Caroline Valetkevitch NEW YORK Thu Apr 3, 2014 5:15pm EDT (Reuters) – U.S. stocks slipped on Thursday, as investors turned cautious ahead of Friday’s monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly 1 percent. The Dow ended down just a fraction of a point, within about 4 points of its record closing high of 16,576.66 set on December 31. The Dow posted an all-time intraday high […]
By Nick Brown Thu Apr 3, 2014 7:57pm EDT (Reuters) – Energy company Anadarko Petroleum Corp agreed on Thursday to pay more than $5 billion to clean up areas across the United States polluted by nuclear fuel, wood creosote and rocket fuel waste that caused cancer and other health problems. The agreement resolves a long-running lawsuit against the Kerr-McGee energy and chemical company, which Anadarko bought in 2006. The case was brought by a trust […]
By Jim Finkle and Karen Freifeld BOSTON/NEW YORK Thu Apr 3, 2014 6:58pm EDT (Reuters) – A number of U.S. states are jointly investigating a data breach involving a subsidiary of Experian Plc that exposed the social security numbers of some 200 million people to potential criminal activity. A Vietnamese man last month confessed in U.S. District Court in New Hampshire to orchestrating the breach, so the focus of the multistate investigation will likely be […]
(Reuters) — Lufthansa cancelled some 3,800 flights as pilots began a three-day walkout on Wednesday (April 2), in what is one of the biggest strikes ever to hit the German airline. Vereinigung Cockpit, the union representing most of Lufthansa’s 5,400 pilots, last week said it was calling for a three-day strike from April 2 over plans by Germany’s largest airline to scrap an early retirement deal. Although Lufthansa had improved its offer, the pilots said […]
(Reuters) – U.S. factory activity accelerated for a second straight month in March and auto sales surged, the latest signs the economy was regaining footing after a brutal winter. Unusually cold and snowy weather chilled activity early in the year and signs of a thaw have raised hopes of a strong bounce back in economic growth in the second quarter. “Winter is over. The economy is looking more positive,” said Chris Rupkey, chief […]
(Reuters) – China’s Huawei Technologies Ltd, the world’s No.2 telecommunications equipment maker, reported its fastest profit growth in four years as expansion in enterprise and consumer revenue far exceeded growth in its network building division. The unlisted company has benefited from companies investing heavily in cloud and mobile computing, while it has shipped so many mobile handsets that it became the world’s third-biggest smartphone manufacturer last year. Shenzhen-based Huawei is now looking for revenue from […]
In recent years, Swiss luxury watch industry experienced double digit growth. But these times, such growth may now be ending.
By Margaret Chadbourn and Aruna Viswanatha WASHINGTON Wed Mar 26, 2014 6:42pm EDT (Reuters) – Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage bonds, helping the bank to end one of the largest legal headaches it still faced from the financial crisis. The settlement, announced on Wednesday, includes $6.3 billion in cash and $3.2 billion in securities that Bank of America will […]
By Soyoung Kim and Greg Roumeliotis NEW YORK Tue Mar 25, 2014 6:02pm EDT (Reuters) – Blackstone Group LP is close to a deal to buy industrial conglomerate Gates Global Inc for more than $5.5 billion, people familiar with the matter said, in what would be one of the largest leveraged buyouts so far this year. The buyout firm is in the final stages of negotiations with Gates’ private equity owners, Onex Corp and the […]